Attention former FTX users in Europe: crypto exchange Backpack just threw open the doors for claims processing, starting April 1.
To get the ball rolling, users need to jump through a few hoops: create a Backpack account, complete the Know Your Customer (KYC) verification dance, and then link it all to their FTX EU claim account. Think of it as unlocking a digital vault, but with extra steps.
While Backpack hasn’t yet announced when the actual payouts will start or set a deadline for this initial claim phase, they have clarified the exit fees. If your claim is under €2,000, you’re looking at a flat €5 withdrawal fee. For claims exceeding that, the fee is a trim 0.25%. So, dust off those FTX account details and get in line – just be prepared to wait a bit longer for the actual cash.